Nordea Bank AB (OTCMKTS:NRDBY) Given Average Rating of “Hold” by Analysts

Nordea Bank AB (OTCMKTS:NRDBY) has been assigned an average recommendation of “Hold” from the seven research firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company.

NRDBY has been the subject of several research analyst reports. Barclays restated an “underweight” rating on shares of Nordea Bank in a report on Wednesday, December 10th. Nordea Equity Research cut shares of Nordea Bank from a “buy” rating to a “neutral” rating in a research report on Thursday, December 4th. Morgan Stanley restated an “overweight” rating on shares of Nordea Bank in a research note on Monday, November 24th. Citigroup reaffirmed a “buy” rating on shares of Nordea Bank in a report on Thursday. Finally, Kepler Capital Markets raised Nordea Bank from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 6th.

Nordea Bank Trading Up 1.0%

OTCMKTS:NRDBY opened at $19.60 on Tuesday. Nordea Bank has a 1 year low of $11.07 and a 1 year high of $19.73. The stock has a market cap of $67.30 billion, a P/E ratio of 12.89, a P/E/G ratio of 3.97 and a beta of 0.63. The company has a debt-to-equity ratio of 6.32, a quick ratio of 1.23 and a current ratio of 1.23. The stock has a 50-day simple moving average of $18.23 and a 200-day simple moving average of $16.65.

Nordea Bank (OTCMKTS:NRDBY) last posted its earnings results on Thursday, October 16th. The company reported $0.42 earnings per share for the quarter. The firm had revenue of $3.40 billion during the quarter. Nordea Bank had a return on equity of 15.38% and a net margin of 21.42%. As a group, analysts anticipate that Nordea Bank will post 1.4 earnings per share for the current fiscal year.

Nordea Bank Company Profile

Nordea Bank is a leading financial services group focused on serving retail, corporate and institutional customers across the Nordic region. The bank’s core activities include retail and commercial banking, corporate and institutional banking, asset and wealth management, and related financial services such as payments, cash management and trade finance. Nordea delivers these services through branch and digital channels, aiming to provide integrated banking solutions for everyday consumers, small and medium enterprises, and large corporations.

Product offerings span deposit and lending products including mortgages and consumer loans, transaction banking and treasury services for corporate clients, investment and pension solutions through its asset management businesses, and wealth management services for private clients.